Compensation 990

Safe 1 Credit Union

Fiscal year ending 2024. Filed on December 17, 2025.

1400 Mill Rock Way
Bakersfield, California 93311

Safe 1 Credit Union (EIN: 95-1812302) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Safe 1 Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 152 total employees. Among the employees shown here, the average compensation is $257,999. The highest compensated employee at Safe 1 Credit Union is David King with fiscal year 2024 compensation of $649,537.

Revenue, expenses, and employee compensation

Revenue

$58,951,487

Expenses

$45,235,986

Employee compensation

$13,009,473
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋46.4%vs 2023
David King
President and Chief Executive Officer
$649,537
$360,892 from orgNo related comp$288,645 other
＋2.6%vs 2023
Cindy Wonderly
Cfo/Evp-Finance
$314,823
$255,100 from orgNo related comp$59,723 other
＋11.6%vs 2023
Lorraine Townsend
Executive Vice President, Operations
$276,098
$243,450 from orgNo related comp$32,648 other
＋4.5%vs 2023
Michael George
Evp-Marketing
$275,148
$218,364 from orgNo related comp$56,784 other
＋3.2%vs 2023
Timothy Spencer
Evp-Lending
$266,188
$234,274 from orgNo related comp$31,914 other
＋4.9%vs 2023
Mary Higgins
Vice President, Compliance
$189,201
$149,575 from orgNo related comp$39,626 other
New in 2024
Jeff Simpson
Vice President, Finance
$183,847
$138,790 from orgNo related comp$45,057 other
－46.2%vs 2023
Carol Dobbs
Executive Vice President Risk
$181,895
$156,225 from orgNo related comp$25,670 other
＋5.7%vs 2023
Chris Hanson
Vice President, Information Technology
$179,222
$165,946 from orgNo related comp$13,276 other
New in 2024
Micaela Venegas
IT Supervisor
$171,748
$147,404 from orgNo related comp$24,344 other
＋10.4%vs 2022
Marie Rodriguez
Vice President Call Center
$150,278
$126,950 from orgNo related comp$23,328 other

Non-Employee Board Members

＋7.4%vs 2023
Richard Ruiz
Vice Chair
$2,314
$2,314 from orgNo related compNo other comp
＋25.7%vs 2023
Brian Driesen
Treasurer
$2,179
$2,179 from orgNo related compNo other comp
－35.3%vs 2023
Tracy Chitwood
Board Member
$1,743
$1,743 from orgNo related compNo other comp
＋23.0%vs 2023
Serene Storslett
SC Chair
$1,085
$1,085 from orgNo related compNo other comp
－48.7%vs 2023
Mike Reed
Board Member
$849
$849 from orgNo related compNo other comp
－100%vs 2023
Dawn Cole
Chair
No compensation reported
Woody Morrison
Board Member
No compensation reported
New in 2024
Doug Kileen
SC Member
No compensation reported
－100%vs 2023
Robert Dickson
SC Member
No compensation reported
－100%vs 2023
Maureen Buscher-Dang
Board Member
No compensation reported
－100%vs 2023
Ray Voight
Board Member
No compensation reported
Michael Bennett
Secretary
No compensation reported

Mission Statement

Provided deposit and loan accounts to 81,521 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.

Revisions to this organization profile

December 17, 2025:
Amended (originally filed November 18, 2025)2024 Safe 1 Credit Union 990 filed
November 16, 2024:
2023 Safe 1 Credit Union 990 filed
November 15, 2023:
2022 Safe 1 Credit Union 990 filed

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